FRANKFURT/LONDON—European and U.S. bank shares on Friday clawed back some of the previous day’s steep losses as the sector starts to get to grips with a slew of sanctions unveiled this week in retaliation for Russia’s invasion of Ukraine, with more due from the European Union imminently.
Shares got off to a jittery start as missiles pounded the Ukrainian capital and President Volodymyr Zelensky pleaded with the international community to do more, saying sanctions announced so far were not enough.
